# Yellow Fintech Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yellow-fintech-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.yellowmetal.co
- Total disclosed funding: $6.5M
- Latest round: Seed (Mar 15, 2023)
- Investors on record: 7

## About

Based in Karnataka, India, and founded in 2020 by co-founders Rahul Boggaram and Nikhil Boggaram, Yellow Fintech Private Limited, doing business as Yellow Metal, operates as a lending tech company that offers gold credit to rural people. In December 2022, Yellow Metal raised INR 248.3 million in seed funding led by MSA Capital, with participation from Java Capital, LetsVenture, Spiral Ventures, and WaterBridge Ventures.

Yellow Fintech Private Limited develops a mobile application Yellow Metal available on Android devices. It offers gold loans at minimal interest rates, without hidden charges, and also helps to track gold loans and provides reminders about interest payments and Whatsapp customer support, thereby enabling customers to utilize their idle gold to secure financial support at their doorstep.

The company plans to use the seed funding to further develop its service offerings.

## Funding rounds

- Seed, Mar 15, 2023, $3M — Spiral Ventures, WaterBridge Ventures, Java Capital, Novo Capital
- Seed, Dec 7, 2022, $3M — MSA Capital, Spiral Ventures, WaterBridge Ventures, LVX, Java Capital
- Seed, Oct 12, 2021, $0.5M — WaterBridge Ventures, LVX, AL trust

## Investors

- WaterBridge Ventures (https://capitalatlas.ai/funds/waterbridge-ventures) — Seed
- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- AL trust — Seed
- MSA Capital (https://capitalatlas.ai/funds/msa-capital) — Seed
- Spiral Ventures (https://capitalatlas.ai/funds/spiral-ventures) — Seed
- Java Capital (https://capitalatlas.ai/funds/java-capital) — Seed
- Novo Capital (https://capitalatlas.ai/funds/novo-capital) — Seed